28 June 2017
download the report now

Nigel Verdon rides the rails with banking-as-a-platform startup

31 October 2016  |  6425 views  |  0 Cloud on hands

RailsBank, a fintech startup led serial entrepreneur Nigel Verdon, is the latest arrival in the increasingly crowded banking-as-a-platform market.

Promising to provide fintech firms with access to global banking in five lines of code, RailsBank connects banks and startups through s single API with baked-in regulatory compliance.

The company, which is inviting pre-launch registrations through its Website, says it will enable banks to digitally deliver the services fintech companies desperately need at a low cost; and with a lower compliance risk as conformance with anti-money laundering rules is designed into the platform.

In preparation for a full-scale commercial launch, the firm has joined Startupbootcamp's FinTech 2016 Cohort as a ‘Startup in Residence’ to showcase its technology and experience to emerging companies selected to join this autumn's accelerator programme.

Serial entrepreneur and finance veteran Verdon’s previous ventures include founding Currency Cloud, PayrNet, Evolution Consulting Group and RabbitFX. His partner in the business, Clive Mitchell, lists previous ventures PayrNet, Digital Change Partners and Morse Transaction Services, on his CV.

RailsBank is joining a range of other platforms offering similar plug-and-play bundles to startup businesses, including Germany's solarisBank and Sutor Bank, IbanFirst, and UK-based current account challenger U.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Banking-as-a-service platform IbanFirst raises EUR10 million

Banking-as-a-service platform IbanFirst raises EUR10 million

18 October 2016  |  8757 views  |  0 comments | 11 tweets | 3 linkedin
SolarisBank to develop new banking modules with MasterCard

SolarisBank to develop new banking modules with MasterCard

11 October 2016  |  7353 views  |  0 comments | 17 tweets | 9 linkedin
Sutor Bank woos fintech startups with banking-as-a-service API

Sutor Bank woos fintech startups with banking-as-a-service API

22 March 2016  |  16576 views  |  0 comments | 39 tweets | 24 linkedin

Related blogs

Create a blog about this story (membership required)
visit www.response.ncr.comvisit vasco.com/news/PSD2-compliant-solutionsvisit www.www.fisglobal.com

Top topics

Most viewed Most shared
ECB preps eurozone-wide instant payments serviceECB preps eurozone-wide instant payments s...
9151 views comments | 19 tweets | 37 linkedin
ABN Amro tests wearable tech for contactless paymentsABN Amro tests wearable tech for contactle...
8686 views comments | 10 tweets | 6 linkedin
hands typing furiouslyArtificial Intelligence- Computer to IOT
8500 views 0 | 4 tweets | 2 linkedin
hands typing furiouslyThe EU and blockchain: taking the lead?
7491 views 0 | 8 tweets | 7 linkedin
Asia still top dog for payments innovation but Europe gaining groundAsia still top dog for payments innovation...
7432 views comments | 10 tweets | 9 linkedin

Featured job

Six Figure Base + Commission + Stock Options

Find your next job